Industrial Alcohol, or grain alcohol, is a form of pure alcohol that is generally colorless, volatile, has a sweet odor, and is derived from the fermentation of organic products like corn, sugarcane, molasses, etc. According to BlueQuark Research & Consulting, the global Industrial Alcohol market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Industrial Alcohols in the manufacture of Ethanol-based fuels for automobile and industrial applications since Ethanol can be used in petrol engines as a blending fuel for gasoline which is expected to drive the Global Industrial Alcohols Market. Further, industrial alcohol in the production of pharmaceuticals like anesthetics, antiseptics, drugs, liniments, etc., primarily due to its properties like solubility and bactericidal activity, is projected to drive the Global Industrial Alcohols market. Furthermore, the use of Industrial alcohol as an organic solvent in the production of personal care products like lotions, creams, perfume, and moisturizers is expected to drive the Global Industrial Alcohols Market. However, factors like the side effects of Industrial Alcohol on human health, such as irritation of the skin and eyes, difficulty in procuring raw materials, and fluctuating raw material prices, are expected to hinder its future growth. 

Industrial Alcohol is used as an antifungal and antibacterial agent to manufacture thousands of products ranging from Fuels to Personal Care Products and Cosmetics. Few industries related to cleaners, cosmetics, fuels, pharmaceuticals, textiles, etc., use industrial alcohols as one of the vital components. 

The Automotive Industry is the most vital consumer of Industrial alcohol and is projected to drive the Global Market. With the growing demand of governments and individuals for an efficient, safe, and pollution-free alternative to fossil fuel-based gasoline, the global market for Industrial alcohol is bound to rise. This is primarily because of industrial alcohol-based fuels burning more completely, lowering emissions, and improving overall efficiency. According to Toyota, a leading automobile manufacturer, its total global sales for May 2021 were 904,670 units, a 48.4% year-on-year increase. Ascending rates of population and industrialization have resulted in a subsequent high demand for energy. The growing prices of petroleum products have all contributed to the surging adoption of renewable resources like industrial alcohol or Ethanol-based fuels in vehicles. With numerous automobiles being manufactured daily and no change in the engine or transmission of the existing cars for the use of Ethanol-based fuels, the demand of the industry shoots, thus driving the global Industrial Alcohol Industry. Increasing demand for organic solvents due to their high efficiency and low toxicity will likely drive the transportation and chemical sector market. The global demand for industrial alcohol is growing due to its extensive range of applications from pharmaceuticals to chemical intermediates. Industrial alcohol is further used in medicines such as anesthetics, antiseptics, drugs, salves, lotions, and cosmetics such as fragrances, deodorants, and shampoos. Therefore, all these factors have increased the need for an efficient fuel, forcing the Global Industrial Alcohols Market.  

Some of the market's key players are BASF SE, MilliporeSigma, ExxonMobil Chemical Company, Royal Dutch Shell, LyondellBasell Industries N.V., Cargill Corporation, Raízen, among others.

The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Industrial Alcohol, with most of the consumption in countries like China and India. With the raw materials like corn, sugarcane, molasses, food grains, etc., readily available, the supply is strong and the demand, mainly due to the high automobile production of the countries in the region. Strict government regulations, rising awareness about global warming, and easy availability of raw materials have propelled the use of Ethanol-based or industrial alcohol-based fuels in the region. The region is home to nearly billions of people, further driving other industries like pharmaceutical, personal care, and cosmetics. All of which use Industrial Alcohol as one of the most critical components, an organic solvent or a cleaning agent, thus driving market demand. Increased usage of Industrial Alcohol as an industrial solvent is expected to drive the order in the Asia Pacific region due to rapid industrialization. Moreover, the surge in demand for organic solvents due to the excellent properties of these alcohols, such as the high-octane number and more flammability characteristics, boosts the market growth in transportation. In addition, the shortage of petroleum and rise in energy prices has aggravated the energy crisis problem, leading to increased utilization of alcohol as an energy source. Further, bioethanol is mixed with gasoline and diesel for use as a fuel in automobiles. Moreover, government mandates to use 22% ethanol blended petrol in Brazil coupled with a blend of 10% ethanol with petrol (gasohol) in the U.S. for routine usage in cars have propelled the market growth. Factors like these have made Asia-Pacific an important area for growth in the Industrial Alcohol market. 

In September 2021, Radico Khaitan, as part of its de-risking and premiumization strategy, moved toward grain-based alcohol from Ethanol. 

In August 2021, the U.S. Department of Energy patented a new way of converting Ethanol to jet-based fuel commercially. 

In April 2021, Indian Oil Corporation Limited blended nearly 7.2% ethanol with standard gasoline to reach the national target of 10% ethanol in gasoline sold by 2022. 

In February 2021, Indian Oil Corporation Limited announced plans to set up two ethanol plants to produce nearly 5 Lakh liters of Ethanol per day at INR 600 Crore each. 

Global Industrial Alcohol Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Industrial Alcohol market by segmenting based on the Type (Ethyl Alcohol, Methyl Alcohol, Isopropyl Alcohol, Isobutyl Alcohol, Benzyl Alcohol, Others), Source (Sugarcane & Bagasse, Corns, Grains, Molasses, Fossil Fuels, Others), Process Technology ( Fermentation Method, Synthetic Method), Purity ( Denatured Alcohol, Undenatured Alcohol), Functionality (Flammability & Volatility, Antimicrobial Activity, Antifreeze, Fragrant/Flavoring Agents, Solubility), Application ( Fuel, Personal Care Products, Pharmaceutical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.